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" ... no bank shall accept such bills to an amount equal at any time in the aggregate... "
Acts Passed at the ... Session of the General Assembly for the Commonwealth ... - Page 96
by Kentucky - 1918
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The ABC of the Federal Reserve System

Edwin Walter Kemmerer - 1920 - 230 pages
...transaction sa the acceptance ; and no bank shall accept such bills to an amooat equal at any time in thie aggregate to more than one-half of its paid-up and unimpaired capital stock and surplus: Provided, hawcrxr, That the Federal Beserre Board, tinder such general regulations *s it may prescribe,...
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Commercial Paper: A Text Book for Merchants, Bankers and Investors

Roger Ward Babson, Ralph May - 1920 - 328 pages
...accept, whether in a foreign or domestic transaction, for any one person, company, firm, or corporation to an amount equal at any time in the aggregate to more than ten per centum of its paid-up and unimpaired capital stock and surplus, unless the bank is secured...
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Annual Report of the Commissioner of Banks, Part 1

Massachusetts. Division of Banks and Loan Agencies - 1920 - 792 pages
...goods, having not more than six months' sight to run, but no trust company shall accept such bills to an amount equal at any time in the aggregate to more than one half of its paid-up capital stock and surplus. A trust company may rediscount notes, drafts and...
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Commercial Banking Practice Under the Federal Reserve Act: The Law and the ...

National Bank of Commerce in New York - 1921 - 188 pages
...AMOUNT BANK MAY ACCEPT Statutory Provisions No bank shall accept such bills to an amount Acceptances equal at any time in the aggregate to more than one-half...paid-up and unimpaired capital stock and surplus: Provided, however, That the Federal Reserve Board, under such general regulations as it may prescribe,...
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Acceptances, Trade and Bankers'

Park Mathewson - 1921 - 396 pages
..."No member bank shall accept, whether in a foreign or domestic transaction, for any one person, ... to an amount equal at any time in the aggregate to more than 10 per centum of its paidup and unimpaired capital stock and surplus, unless the bank is secured either...
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Financing Foreign Trade

Graham F. Towers - 1921 - 134 pages
...Federal Reserve System is allowed to accept bills of exchange arising from export or import transactions to an amount equal at any time in the aggregate to more than one half its paid up and unimpaired capital and surplus. The Federal Reserve Board has power to extend...
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Acceptances, Their Importance as a Means of Increasing and Simplifying ...

American Exchange National Bank, New York - 1921 - 128 pages
...accept, whether in a foreign or domestic transaction, for any one person, company, firm, or corporation to an amount equal at any time in the aggregate to more than ten per centum of its paid-up and unimpaired capital stock and surplus, unless the bank is secured...
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Public Documents of Massachusetts, Volume 6

Massachusetts - 1921 - 1310 pages
...goods, having not more than six months' sight to run, but no trust company shall accept such bills to an amount equal at any time in the aggregate to more than one half of its paid-up capital stock and surplus. A trust company may rediscount notes, drafts and...
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Analytical Credits: A Study in Brief of the Methods Used to Accumulate ...

Alexander Wall - 1921 - 280 pages
...provides that any bank may accept such bills up to an amount not exceeding at any time, in the aggregate, more than one-half of its paid-up and unimpaired capital stock and surplus ; or, with the approval of the Federal Reserve Board, up to an amount not exceeding at any time, in...
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Banking Law of New York: Chapter 2 of Consolidated Laws, Chapter 369, Laws ...

George Wilson Morgan, Amasa Junius Parker - 1922 - 588 pages
...exportation of goods having not more than «ia, months sight to run; but no bank shall accept such bills to an amount equal at any time in the aggregate to more than one-hcAf its paid-up capital stock and surplus." SUBDIVISION 3 PURCHASE OF STOCKS OF OTHER STATES....
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